Trade
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Industry shock as BoU revokes Mercantile Credit Bank licence
KAMPALA, June 18, 2024 – The Bank of Uganda [BoU] has with immediate effect revoked the licence of Mercantile Credit Bank Limited and ordered the lender to wind up its affairs, sending…
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GROW project funds misallocated, says Auditor General
KAMPALA, June 18, 2024 – Parliament’s Public Accounts Committee [PAC] has raised concerns over the utilisation of a Shs 803 billion [US$ 217 million] World Bank grant intended for the Generating Growth…
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G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa
ABIDJAN, June 18, 2024 – G-7 leaders meeting at their summit in Puglia, Italy have reaffirmed support for multi-billion-dollar infrastructure projects across Africa to realise the continent’s economic potential and transformation. US…
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Kapelebyong RDC reaping big from watermelon production
KAPELEBYONG, June 18, 2024 – The Resident District Commissioner [RDC] of Kapelebyong, Tom Olinga Otukol is reaping big after a thoughtful plan to invest in watermelon production. In March 2024, Olinga decided…
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Oikocredit announces US$ 10mln loan to APC to support SMEs in Africa
NAIROBI June 17, 2024 – Social impact investing cooperative Oikocredit has made a first-time loan of US$ 10 million [€9.3mln] to AfricInvest Private Credit [APC] to augment support for small and medium…
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Nebbi vendors threaten to stage demonstration over uncollected garbage
NEBBI, June 17, 2024 – Over 100 market vendors in Nebbi Municipality whose businesses are being affected by the accumulated garbage at a nearby primary collection point have threatened to a stage…
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Uganda’s year-on-year coffee exports fetch Shs 4trn
KAMPALA, June 16, 2024 – Uganda’s coffee exports for the twelve months [June 2023-May 2024] totaled 6.02 million bags worth US$ 1.07 billion [about Shs 4 trillion] compared to 5.73mln bags worth…
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Kwania: SACCO leaders empowered with financial management skills
KWANIA, June 16, 2024 – In a bid to curb mismanagement of the funds under their control, leaders of the Parish Development Model SACCOs [PDM SACCOs] in Kwania district have been trained…
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Regional bodies sign MoU to implement COMESA Biotechnology Implementation Plan
LUSAKA, June 16, 2024 – The Alliance for Commodity Trade in Eastern and Southern Africa [ACTESA] has signed a memorandum of understanding [MoU] with the Acquisition of Agri-biotech Applications [ISAAA AfriCenter] to…
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UMA’s Eastern Region Trade Fair ongoing in Mbale City
MBALE, June 15, 2024 – The Uganda Manufacturers Association [ UMA ] 13th Eastern Region Trade Fair will run for 10 days starting June 14, 2024, at Mbale Secondary School in Mbale…
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